Asian markets led lower by China

News Image

By MG News | February 24, 2023 at 12:57 PM GMT+05:00

0:00

February 24, 2023 (MLN): Asian share markets were dragged lower by the slide in Chinese stocks on Friday, though investors took heart from the incoming head of Japan's central bank ruling out an early end to super-easy monetary policy, nudging bond yields to lower globally, as reported by Reuters. 

The MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8%, heading for a weekly drop of 2.0%. Chinese blue chips tumbled 1.0%, while Hong Kong's Hang Seng Index dropped 1.3%.

Australia's resources-rich shares edged up 0.3%. Meanwhile, European shares were set to open higher, with the pan-region Euro Stoxx 50 futures up 0.4%. In the US, the S&P 500 futures were flat, while Nasdaq futures were off 0.2%.

Investors are awaiting the release of the US personal consumption expenditures (PCE) price index for January, the Federal Reserve's preferred inflation measure.

The index is expected to be up 0.4% from a month earlier, compared with 0.3% the previous month.

On Wall Street, stocks ended a topsy-turvy Thursday in positive territory, with the Dow Jones Industrial Average (.DJI) up 0.33%, the S&P 500 (.SPX) gaining 0.53% and the Nasdaq Composite (.IXIC) adding 0.72%. (.N).

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 133,403.19
324.46M
0.02%
33.04
ALLSHR 83,188.05
1,204.34M
0.13%
106.90
KSE30 40,651.46
104.88M
-0.13%
-53.85
KMI30 192,083.92
123.92M
-0.26%
-496.76
KMIALLSHR 55,847.70
679.22M
0.02%
11.98
BKTi 36,422.88
17.65M
0.29%
105.71
OGTi 28,437.61
10.77M
-0.37%
-105.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,170.00 109,685.00
107,680.00
715.00
0.66%
BRENT CRUDE 70.12 70.68
69.03
0.54
0.78%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.32 68.91
67.33
0.39
0.57%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News
July 08, 2025 at 11:29 PM GMT+05:00

PIA bidders shortlisted, Roosevelt JV gets green light


July 08, 2025 at 05:29 PM GMT+05:00

Money Link Exchange shuts down operations


July 08, 2025 at 04:41 PM GMT+05:00

Gold price in Pakistan rises Rs1,500 per tola


July 08, 2025 at 04:25 PM GMT+05:00

CCP clears 69 M&A deals in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg